Brands Clause

Different wordings used by different insurers. Version I stipulates that I the event of damage interests insured being a brand or trademark which in any way caries or implies a product guarantee or warranty of quality, the salvage value of the interest insured is to be determined after removal of all brands and trademarks. Where the interests there are in containers from which ands or trademarks cannot be removed the salvage value to be is to determine after interests have been transferred to plain containers. Where it is reasonable impractical to remove or destroy all evidence of the brand the insurer agrees to consult with the insured in respect of action to be taken. Another version stipulated that the assured shall have full possession or control of all damaged goods bearing embossed or identical brands or labels or other permanent markings provided such damage is recoverable under the terms and conditions of this policy although the insurer shall have the benefit of any salvage obtained from such action.

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